TOKYO, Oct 26, (APP/AFP) – Tokyo shares slipped off a six-month high Wednesday morning, with energy firms dragged by tumbling oil prices while a stronger yen hurt exporters. The benchmark Nikkei 225 index fell 0.19 percent, or 33.76 points, to 17,331.49, a day after its highest close since late April. The Topix index of all […]
Business News
Tokyo stocks down at break
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Asian markets slip as oil worries hit energy firms
HONG KONG, Oct 26, (APP/AFP) – Asian markets retreated Wednesday, with energy firms dragged down by tumbling oil prices as fresh fears about a planned output cut by major producers was fanned by a report Russia will not take part. Crude has been in the ascendancy since last month when the Organization of Petroleum Exporting […]
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Apple profit slips 19% to $9 bn on lower iPhone sales
SAN FRANCISCO, Oct 25 (APP/AFP): Apple said Tuesday its profit over the past quarter fell 19 percent to $9 billion, pulled down by a drop in iPhone sales. The world’s biggest company by market value said revenue in the fiscal fourth quarter fell to $46.9 billion from $51.5 billion a year earlier.
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BOK earns Rs 1.5 billion profit for 3rd quarter
ISLAMABAD, Oct 25 (APP): The Bank of Khyber (BoK) earned Rs 1.5 billion Profit after Tax (PAT) for the nine months period ended September 30, 2016 showing an increase of 22% over the corresponding period of 2015. This was informed to the Board of Directors during presentation of 3rd quarterly accounts of the Bank for […]
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Jewellary export jump 15.50 pc in 1st quarter of FY 17
ISLAMABAD, Oct 25 (APP): The export of Jewellary from the country increased by 15.50 per cent to US $2.049 million in first quarter of Fiscal Year 2016-17 as against the exports of $1.774million same period of last year. The gems exports, however witnessed a decline of 11.01 percent in July-September (2016-17) as compared the first […]
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Dollar rises on US rate bets, Asia markets struggle
HONG KONG, Oct 25, (APP/AFP) – The dollar rose in Asia Tuesday as the chances of an interest rate hike were further boosted, but stock traders were unable to capitalise on a positive lead from Wall Street. US markets rallied Monday on the back of another upbeat round of corporate earnings and a provisional reading […]